- Board of Control for Cricket in India will bring two new teams in IPL
- New rules were also made regarding the retention of players
- There has also been an increase in the purse of the teams, that means more money will rain
The Board of Control for Cricket in India (BCCI) has prepared the blueprint for the Indian Premiere (IPL). Two new franchises, retaining players, a mega auction, hike in salary purse, floatation of a fresh tender for media rights – are some of the works that are to be done between August 2021 and January 2022.
Two new teams set to arrive
The cricket board has finally made up its mind to induct two new franchises. Its tenders will be floated in mid-August and after necessary scrutiny, the auction will be done in mid-October. At present, the second phase of IPL will be going on in UAE.
Adani-Goenka is in the race
Kolkata-based RP-Sanjiv Goenka Group, Adani Group headquartered in Ahmedabad, Hyderabad-based Aurbindo Pharma Ltd and Gujarat-based Torrent Group are showing interest for new franchises. Apart from this, many other companies are also keeping a close watch on the matter.
increase in salary purse
BCCI is going to increase the salary purse from 85 crores to 90 crores for this. This would mean a total of Rs 50 crore more will come into the wallets of all (10 franchisees). The franchisee will have to spend at least 75% of the purse. In the next three years, the purse will be taken from 90 crores to 95 crores and after that in 2024 it will be 100 crores.
Rules regarding retained players
The strategy to retain players has also been finalised. Each franchise will have the right to retain four players. However, there will be some conditions for this – they will be able to retain either three Indian and one foreign player or two Indian and two foreign players.
The players retained in the purse of the franchise will also be deducted before going to the auction. The draft of reduction in salary in the existing structure is also ready. If three players are retained then Rs 15 crore, 11 crore and 7 crore will be deducted respectively. If two players are retained then Rs 12.5 crore and Rs 8.5 crore will be deducted and if only one player is retained then only Rs 12.5 crore will be deducted from purse.
There has been a cut of Rs 5 crore in the salary purse, which allows the BCCI franchise to retain a maximum of four players. There may be some changes in this structure going forward.
More players can be seen in the auction
A source close to the matter said, “There may be some players who would rather go into the auction pool than be retained. The reason for this could be an increase in the salary purse and the addition of two new teams. With the arrival of new teams, the demand for talented players can increase. So you can see the names of some big Indian cricketers appearing in the auction.
Big earnings expected from broadcast rights
And lastly the BCCI is also planning big on media-rights. Work on this can be done at the end of 2021. IPL may start soon in IPL 2023. BCCI will have to organize more than 90 matches of more than 10 teams. The board and industry would expect at least a 25 per cent increase in media rights prices.
The number of viewers on OTT has increased significantly during the corona virus epidemic. This will also be taken care of in broadcasting rights.